MU - Breakout Falling Trend Channel

- MU has broken through the ceiling of a falling trend channel in the medium long term.
- MU is moving within a rectangle formation between support at 59.43 and resistance at 64.83.
- MU has given a positive signal from the rectangle formation by a break up through the resistance at 63.13.
- The stock is testing resistance at 64.00.
- Overall assessed as technically neutral for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN

Verify it first and believe later.

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